21 January, 2015 by The TZ Newswire Staff Comments Off on Bitcoin finds a place among the world’s elite
Bitcoin finds a place among the world’s elite
Bitcoin has managed to find a more prominent role among the global elite at the World Economic Forum in Davos.
21 January, 2015 by The TZ Newswire Staff Comments Off on Bitcoin finds a place among the world’s elite
Bitcoin finds a place among the world’s elite
Bitcoin has managed to find a more prominent role among the global elite at the World Economic Forum in Davos.
21 January, 2015 by The TZ Newswire Staff Comments Off on Davos live blog: Europe stimulus the hot topic
Davos live blog: Europe stimulus the hot topic
Policymaking is set to dominate Davos on Thursday, with the ECB expected to announce a full-blown government bond-buying program.
21 January, 2015 by The TZ Newswire Staff Comments Off on Davos live blog: Europe stimulus the hot topic
Davos live blog: Europe stimulus the hot topic
Policymaking is set to dominate Davos on Thursday, with the ECB expected to announce a full-blown government bond-buying program.
21 January, 2015 by The TZ Newswire Staff Comments Off on Asian shares near eight-week highs as markets brace for ECB action
Asian shares near eight-week highs as markets brace for ECB action
Asian shares held near eight-week highs on Thursday as investors bet on the likely size and scope of a bond-buying program the European Central Bank is poised to unveil later in the day as it attempts to revive the flagging euro zone economy. The euro was quieter ahead of the ECB decision after the previous day’s wide ranges, while the Canadian dollar stole the spotlight after plunging to a nearly six-year low following the Bank of Canada’s surprise move to slash its overnight rate to help cushion the economy from recently plunging oil prices.
21 January, 2015 by The TZ Newswire Staff Comments Off on ECB to decide on bond-buying plan for reviving euro zone economy
ECB to decide on bond-buying plan for reviving euro zone economy
The European Central Bank is poised to announce a plan on Thursday to buy government bonds, resorting to its last big policy tool for breathing life into the flagging euro zone economy and fending off deflation. Market expectations are sky-high for the ECB to unveil a large-scale program of quantitative easing (QE) – printing money to purchase the sovereign bonds – despite opposition from Germany’s Bundesbank and concerns in Berlin that this could allow spendthrift countries to slacken their economic reforms.
21 January, 2015 by The TZ Newswire Staff Comments Off on American Express to cut more than 4,000 jobs
American Express to cut more than 4,000 jobs
American Express, which in recent years has been reining in costs to counter sluggish revenue growth, said expenses rose 3.5 percent to $3.60 billion in the fourth quarter, driven mainly by marketing costs and salaries. Another credit card issuer, Discover Financial Services Inc, reported a 33 percent drop in quarterly profit as it set aside more money to cover bad loans. The job cuts announced by American Express will take place in the United States and abroad.